1. The planned value for a project is US$17,800, the earned value is US$19,450, and the actual cost is US$21,870. Based on this information, calculate the cost performance index and the schedule performance index. What do these indices tell you about the status of the project in terms of cost and schedule?

2. The budget at completion of this project was estimated at US$20,000, and the original estimated time to complete was thirteen months. Use the information from the previous question to compute the estimated cost at completion and the projected time to complete. Is the project on budget and schedule?

Hint: The projected time to complete can be calculated by dividing the original estimated time to complete by the schedule performance index (SPI). (Projected time to complete = Original Estimated Time /SPI)